- The Zeekr brand delivered 18,908 vehicles in May, representing a year-on-year increase of 1.57 percent and a month-on-month increase of 37.74 percent.
- Lynk & Co delivered 27,630 vehicles in May, marking a year-on-year increase of 26.87 percent and a month-on-month increase of 0.15 percent.
Zeekr Group (NYSE: ZK) delivered 46,538 vehicles in May, up 12.64 percent from 41,316 in April, marking the third consecutive month of sequential growth, according to data released today.
The Zeekr brand delivered 18,908 vehicles in May, up 1.57 percent year-on-year and up 37.74 percent month-on-month.
Lynk & Co delivered 27,630 vehicles in May, up 26.87 percent year-on-year and 0.15 percent month-on-month.
This is the fourth delivery announcement since Lynk & Co completed its integration into Zeekr Group, with combined deliveries for the two brands up 15.21 percent year-on-year, according to data compiled by CnEVPost.
From January to May, Zeekr Group delivered 201,865 vehicles, up 19.22 percent year-on-year compared to the combined deliveries of the two brands in the same period last year.
The Zeekr brand delivered 74,038 vehicles from January to May, up 9.26 percent year-on-year. Lynk & Co delivered 127,827 vehicles during the same period, up 25.86 percent year-on-year.
Geely Automobile Holdings (HKG: 0175) is continuing its integration of Zeekr.
In November last year, the Zeekr brand announced a series of transactions that would give it a 51 percent stake in Lynk & Co. On February 14, Zeekr announced that these transactions had been completed.
In 2025, Zeekr Group aims to achieve 40 percent growth and sell 710,000 vehicles annually, according to an internal letter by CEO Andy An on February 14.
On May 7, Geely announced it had submitted a non-binding offer letter to Zeekr proposing to privatize the EV unit.
Geely currently holds about 65.7 percent of Zeekr's shares. If the privatization is completed, Zeekr will become a wholly-owned subsidiary of Geely and will delist from the New York Stock Exchange.
This move aims to promote resource integration, avoid duplicate investments, reduce costs, and create long-term value, Geely said.
Zeekr was established in March 2021 and launched its first model, the Zeekr 001, in April 2021, marking one of Geely's most significant efforts in the premium market.
The company listed on the NYSE on May 10, 2024, becoming the fourth Chinese EV maker to list in the US after Nio (NYSE: NIO), Li Auto (NASDAQ: LI), and Xpeng (NYSE: XPEV).
Zeekr's current market capitalization stands at $6.68 billion.
More on Zeekr
